DGAP-News: TLG IMMOBILIEN AG / Key word(s): Real Estate/Miscellaneous
TLG IMMOBILIEN presents Alexanderplatz project at the Baukollegium in Berlin
- Planned construction of three buildings including two towers
- Regulated competition proceedings for the design expected to start in mid 2019
- 149,500 sqm of potential space along Alexanderstr. 1, 3, 5
Berlin, 16 October 2018 - TLG IMMOBILIEN AG (DE000A12B8Z4) yesterday accepted the invitation of the Baukollegium, an independent advisory board for the state of Berlin, and presented its project on Alexanderstrasse 1, 3, 5 at the corner of Karl-Liebknecht-Str. 30 on plots A9, A10 and A11 on outer Alexanderplatz based on a volume study. TLG IMMOBILIEN will now prepare regulated competition proceedings which are due to start in mid 2019. The competition is intended to obtain designs for the buildings.
'Our intention is to balance the interests of everyone involved in order to unite the various interest groups behind one project', says Jürgen Overath, Chief Operating Officer of TLG IMMOBILIEN. 'As a long-term investor with roots in Berlin, the development of an ensemble of modern, user-friendly buildings befitting their special location on Alexanderplatz in the heart of our city is very close to our hearts.'
TLG IMMOBILIEN is planning to construct three new buildings including two towers along Alexanderstrasse. In total, based on the building plan, the ensemble is to encompass up to 149,500 sqm of potential gross floor space. At the moment, the land is occupied by an office building and a restaurant from the late 1960s with around 55,900 sqm of floor space.
PLANNING TABLE FROM THE BAUKOLLEGIUM MEETING
ABOUT THE BAUKOLLEGIUM
ABOUT TLG IMMOBILIEN AG
TLG IMMOBILIEN AG is a listed leading commercial real estate company in Germany that has been synonymous with real estate expertise for over 25 years. TLG IMMOBILIEN AG generates stable rental income and exhibits low vacancy rates, very good building stock and profits from its local employees' excellent market knowledge. As an active portfolio manager, TLG IMMOBILIEN AG is specialised in commercial properties for office and retail use: it focuses on managing a high-quality portfolio mostly comprising office properties in Berlin, Frankfurt/Main, Dresden, Leipzig and Rostock. The company also has a regionally diversified portfolio of retail properties in highly frequented micro-locations. The portfolio also includes seven hotels in Berlin, Dresden, Leipzig and Rostock. TLG IMMOBILIEN AG's properties stand out not only due to their excellent locations but also because of their long-term rental or lease agreements.
As at 30 June 2018, the property value amounted to EUR 3.7 bn. As at the same reporting date, the EPRA Net Asset Value per share amounted to EUR 23.26.
This publication contains forward-looking statements based on current views and assumptions of TLG IMMOBILIEN AG's management and made to the best of knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause TLG IMMOBILIEN AG's revenues, profitability or the degree to which it performs or achieves its targets, to materially deviate from what is explicitly or implicitly stated or described in this publication. Therefore, persons who obtain possession of this publication should not rely on such forward-looking statements. TLG IMMOBILIEN AG accepts no guarantee or responsibility regarding such forward-looking statements and will not adjust them to future results or developments.
|Company:||TLG IMMOBILIEN AG|
|Phone:||030 - 2470 - 50|
|Fax:||030 - 2470 - 7337|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|